First Capitol Consulting, Inc. Launches Humanefits HR Tech Platform

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First Capitol Consulting, Inc. (FCCI), a technology company, has launched the Humanefits platform. This cloud-based HR technology platform leverages data analytics to provide better insights into HR data. These insights are expected to help organizations reduce their healthcare costs and save tax.

"Organizations with a significant mix of full-time and part-time workers will receive the most benefit from Humanefits because of how easily it can track payroll and attendance information for workers, and consolidate and analyze this data to quickly identify opportunities to capture federal tax credits and ways to reduce healthcare costs," says Robert Sheen, founder, president and CEO, FCCI. "Humanefits will save these companies time, money and lots of headaches."

With Humanefits, organizations can improve their hiring processes and payroll. It will help streamline information related to employee services and benefits by making it possible to track days and hours worked and by organizing all letters, resumes, and applications for each employee. The platform also helps organizations consolidate and manage all information related to employee health insurance plans. It even allows employees to easily access I-9 and E-verify information to find out if they are eligible to work in the US.

Humanefits leverages Workforce Intelligence Solutions Engine (WISE), FCCI's proprietary data analytics software to mine the HR data which is stored on the platform. FCCI also has a team of tax, HR, and regulatory compliance specialists who monitor the activities of the Humanefits platform.

Apart from helping to identify various ways to save money and costs, the analytics are also used to uncover federal tax credits which can be used to save tax through federal Empowerment Zone Tax Credits and Work Opportunity Tax Credits.
WISE can help employees find the best insurance coverage for their preferred healthcare premiums. It can also help organizations reduce the number of employees who are eligible for benefits while improving the requirements for carrier participation. All this is expected to reduce healthcare costs for employees and employers.